Couture week is now underway in Paris. Naomi Campbell opened the week by walking for Versace, eliciting "awed gasps" from front-row guests including Uma Thurman. The most anticipated shows of the week include Schiaparelli — the brand is relaunching after decades of dormancy, and hired Christian Lacroix to do a one-off couture collection — and Viktor & Rolf, who are showing couture for the first time in 13 years. [ABC, WWD]

Ahahahahahaha I just for cancelled from Dior because of my boobs! I❤ fashion #Couture

One thing we won't be seeing this couture week, however, is the model Jourdan Dunn at the Christian Dior show. Dior, which has come under scrutiny for its whitewashed show casting under new creative director Raf Simons' leadership, cut the prominent black model from its show. When designer John Galliano was in charge, Dior shows were some of the most racially diverse in high fashion — but since Simons took over, no black models have walked for Dior. Dunn Tweeted that she'd been cancelled "because of my boobs." The model, who seemed to take the incident in stride, added, "I'm normally told I'm cancelled because I'm 'coloured.'" [Fashionista]

Sienna Miller and Tom Sturridge co-star in the new Burberry ads, which explains why the real-life couple has been wearing head-to-toe Burberry on all kinds of red carpets recently. [Telegraph]

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Penelope Cruz is returning as the face of Loewe for fall, and the actress and her sister Monica have lent their names to a bag made by the company. [WWD]

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• According to rumor, Jennifer Lawrence has been shot for the September cover of American Vogue. Elle has Kate Upton, and Marie Claire got Zooey Deschanel (and had her profiled by George Gurley, of all people). [WWD]

• From the Should Have Been Naomi dep't: Kate Moss is launching a line of "cell phone accessories" with the U.K.'s Carphone Warehouse. Because, in the word's of the supermodel, "My phone's as much a part of my look as my bag or shoes, and yet there's so little choice out there." [Telegraph]

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• Francesco Trapani, the former Bulgari C.E.O. currently under investigation in Italy for tax irregularities at the company, just sold €13 million worth of shares in Louis Vuitton Moët Hennessy. Trapani may have needed the quick cash: he is one of three Bulgari executives who together had $60 million worth of assets seized by the Italian government in March. The government contends that Bulgari failed to pay around $91 million in taxes owed on the transaction when it was acquired by LVMH in 2011, and, separately, that the company also evaded taxes to the tune of $4 billion during the period 2006-2010. [WWD]

• Century21 is trying to position itself as "'the boutique' of off-price" retailing, according to creative director Valentino Vettori. The discount department store chain is adding a new section devoted to high-end designers and four-day flash sales, as well as sprucing up its flagship store near the World Trade Center. [WWD]

• H&M is set to open a long-awaited Brooklyn store at Fulton Street on Wednesday. The retailer plans a block party and a gift card giveaway for the first 250 people in line. [WWD]

• Nick Gruber and Calvin Klein are On Again. Gruber, the former porn actor who has had lots of colorful things to say about Klein in the past, is allegedly taking meetings to relaunch himself as a male model this coming New York fashion week. [P6]